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Government announces $85 billion loan to save AIG

WASHINGTON | Acting to avert a possible financial crisis worldwide, the Federal Reserve late Tuesday agreed to an $85 billion bailout to rescue troubled insurance company American International Group.

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New fair food to debut on a stick
Aug 2, 9:44 PM
The Iowa State Fair is adding pineapple and salad to the food fairgoers can buy on a stick, adding to traditional favorites, such as corn dogs and the pork chop.
Jazz guitarist Joe Beck dies at 62
Jul 28, 11:34 PM
Joe Beck, a jazz guitarist who collaborated with artists such as Frank Sinatra, Miles Davis and James Brown, died July 22. He was 62.
New Zealander Scott Dixon wins Indy 500
May 25, 3:59 PM
Scott Dixon came out of the pits first after the final caution of the day and held on to win the 92nd running of the Indianapolis 500 Sunday. It was the New Zealander�s first victory in the world�s biggest race.
Anheuser-Busch, beer co. to pay $21M in club fire
May 23, 11:31 PM
PROVIDENCE, R.I. (AP) � Brewer Anheuser-Busch Inc. and a Rhode Island beer distributor have agreed to pay $21 million to settle lawsuits brought by survivors of a 2003 nightclub fire and relatives of the 100 people killed, according to court papers filed Friday.
Sen. Ted Kennedy leaves Massachusetts hospital
May 21, 11:47 PM
HYANNIS PORT, Mass. | Smiling, waving, and flashing a thumbs-up, U.S. Senator Edward M. Kennedy walked out of Massachusetts General Hospital days earlier than scheduled, greeted well-wishers outside his family compound on Cape Cod, and immediately departed shore for a familiar refuge: the waters of Nantucket Sound.